Wellington to enter U.S. specialty market.
Lloyd's Lloyd's, London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now syndicate Syndicate
organized crime unit throughout major cities of the United States. [Am. Hist.: NCE, 2018]
See : Gangsterism Wellington Underwriting Underwriting
1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).
2. The process of issuing insurance policies. plc said it plans to expand into the U.S. specialty business through the proposed acquisition of Axa Corporate Solutions Excess and Surplus Lines Insurance Co. The company will be renamed Wellington Specialty Insurance Co., and Wellington hopes to begin underwriting in the fourth quarter.
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